You may have seen those scary headlines in financial papers, or on TV: “Markets nosedive”
What does “nosedive” mean? These two pictures should make it clear. The first one shows an aircraft nosediving. The second one is a chart of a stock that opened at $90 at 9am and then nosedived between 3pm and 4pm to finish at $30.
4 Responses to “nosedive”
Hello Dear Joe,
thank you for enriching our vocabulary. So, nosedive refers to something that is getting lower or smaller or to something that drops steeply.
Yes, Hanane, something that drops steeply, and fast. Another word for the same action is: “plunge”
Their operating profits plunged 40%.
Linda k (Hollywood) says:
Nosedive(n) A very steep of an aircraft.
A sudden,swift drop or plunge: A sudden sharp drop
or rapid decline, “Stock prices took a nosedive”
Linda K (Hollywood)